Tag Archives: president obama

Biden announces $1.3 billion for Amtrak

Vice President Joe Biden continued the administration’s rollout of the recently passed economic stimulus package Friday, highlighting $1.3 billion in federal funding for Amtrak. The money for the rail service, which carried almost 29 million passengers in the previous fiscal year, will go primarily to infrastructure repair and improvement. The $787 billion stimulus plan includes a total of $8 billion for improvements in rail service, a crucial investment to help ease traffic in the congested northeast corridor running from Boston, Massachusetts to Washington, Biden argued.

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CNBC Under Fire: Sticking Up for the Big Guy?

On the March 9 edition of CNBC’s Squawk Box, Becky Quick was interviewing Berkshire Hathaway CEO Warren Buffett when the Oracle of Omaha expressed support for the Obama Administration’s mortgage bailout. “Becky,” co-host Joe Kernen broke in, “tell Warren you’re mad that you’ve done all the right things and all these other people are going to get bailed out.” Buffett replied, “There’s nothing wrong with being mad, Joe.

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Obama’s honeymoon with Americans still going strong

President Obama is halfway through his first 100 days in office and he’s still enjoying a honeymoon with the American public, according to an average of recent polls. Obama’s job approval rating stands at 61 percent in a new CNN poll of polls, which averaged seven national surveys conducted over the past two weeks

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Senate passes $410 billion spending bill

A massive spending bill that funds the U.S. government for the rest of the budget year passed the Senate on Tuesday despite complaints about nearly $8 billion in what critics called "pork-barrel" projects. Senators voted 62-35 to cut off debate on the $410 billion measure and passed it on a voice vote immediately afterward

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Obama moves to separate politics and science

As President Obama reversed the Bush administration’s limits on embryonic stem-cell research, he said scientific decisions must be "based on facts, not ideology." The president on Monday signaled a clear shift in tone from the Bush administration on a broad range of scientific issues. Obama overturned an order signed by President Bush in 2001 that barred the National Institutes of Health from funding research on embryonic stem cells beyond using 60 cell lines that existed at that time

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